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Oct 11, 2012
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and steve liesman has an exclusive today with goldman sachs ceo lloyd blankfein, plus the co-chairs of the obama commission will discuss the economy and fiscal issues. starts 12:30 p.m. eastern and it's on the fast money halftime report. >> won't want to miss that one. and let's take a look at the agenda in the u.s. weekly jobless claims are out 8:30 a.m. time and they're expected to gain. and the import price report and august trade deficit expected to wide gone $44 billion. now, charles plosser will speak about the economy at 12:30 p.m. look for earnings take from safeway, win bay go and jb hunt. and that's a good way to read what's happening on the ground. >> for some reason i like the winnebago. don't know why. >> should take wex in a winnebago. >> not a bad idea. still to come, strong words from the imf christine lagarde on austerity and growth. we'll be in tokyo for who are. . >>> italian auction have sold the targeted amount on the three year. >>> italian auction have sold the targeted amount on the three year. the yield is higher as we thought it would be, 2.86%. it was 2.75% o
and steve liesman has an exclusive today with goldman sachs ceo lloyd blankfein, plus the co-chairs of the obama commission will discuss the economy and fiscal issues. starts 12:30 p.m. eastern and it's on the fast money halftime report. >> won't want to miss that one. and let's take a look at the agenda in the u.s. weekly jobless claims are out 8:30 a.m. time and they're expected to gain. and the import price report and august trade deficit expected to wide gone $44 billion. now, charles...
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Feb 29, 2012
02/12
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steve, thanks for joining us. we saw yesterday the results of the one and seven-day operations suggesting that the ltro operation today means we get more net new funds than we might have expected. does that necessarily work out like that? >> not necessarily. i think the estimation yesterday is we saw more of the short-term funding being put instead of into further one -week, but one day. from that people have sort of extrapolated for the maturing three-month and six-month operations that we'll get higher percentages of that. these are maturing from being rolled over again. it's not net new funding for the system. >> is there -- is there, greg, a bad figure here or not? people say there's a big figure, fantastic, banks are getting a lot of money. if there's a low figure, you could take the view fantastic banks don't need the money, they must be in better shape than i thought. >> yeah, interesting. i think the market is probably about right in terms of the number that's going to come out. so between 400 and 500. i t
steve, thanks for joining us. we saw yesterday the results of the one and seven-day operations suggesting that the ltro operation today means we get more net new funds than we might have expected. does that necessarily work out like that? >> not necessarily. i think the estimation yesterday is we saw more of the short-term funding being put instead of into further one -week, but one day. from that people have sort of extrapolated for the maturing three-month and six-month operations that...
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May 11, 2012
05/12
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steve will answer some of them hopefully with our guest host. good to have you with us. does jpmorgan simply bolster the volcker rule? >> yeah, i think the simple answer is yes. this is perfect fodder for anyone who argues that the financial system needs to be regulated. but that's the obvious answer. on a broader picture, it's nothing new in that sense. it's another episode that confirms broader expectations that we're moving away from the free years ordinaries a world in which banks are increasingly viewed by -- increasing number of people that say they should be operating with much less grace especially if there is any behind of public money involved. that's the theme we're seeing greek voters obviously played to a large degree and it won't go away in the u.s. election campaign either, the fact that you need to regulate these things. >> when you look at proprietary trading of big banks, should there be more rules and regulations in place to safe guard the banking system? what's happening behind will the scenes? >> this is not my field of sxermt teas sxr sxrpt tease. a
steve will answer some of them hopefully with our guest host. good to have you with us. does jpmorgan simply bolster the volcker rule? >> yeah, i think the simple answer is yes. this is perfect fodder for anyone who argues that the financial system needs to be regulated. but that's the obvious answer. on a broader picture, it's nothing new in that sense. it's another episode that confirms broader expectations that we're moving away from the free years ordinaries a world in which banks are...
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Oct 4, 2012
10/12
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. >> steve, thanks for that. still to come, despite stellar growth, malaysia's leader says the country still hasn't fully tapped its own potential. exclusive interview with the prime minister coming up. >> we are trying to develop the support very strong domestic economy. and the engine will come from the domestic economy. that's why we've done everything possible to encourage it necessary tick i domestic investment. >> also results of the spanish bond auction. julia is in madrid. >> thanks, beccy. expect to go well despite relatively chunky 4 billion euros at the top end. we will bring you all the latest after the break. >>> waiting on spain. ecb expected to hold steady on rates when central bankers meet today. the country's president tells cnbc that europe's policymakers must remain focused. >> about if we get bogged down discussion of what was hent by the june agreements and waste time on this kind of discussion, then it's much less likely that a company here represent system will emerge. >> madrid continues t
. >> steve, thanks for that. still to come, despite stellar growth, malaysia's leader says the country still hasn't fully tapped its own potential. exclusive interview with the prime minister coming up. >> we are trying to develop the support very strong domestic economy. and the engine will come from the domestic economy. that's why we've done everything possible to encourage it necessary tick i domestic investment. >> also results of the spanish bond auction. julia is in...
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Jun 15, 2012
06/12
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it was built by steve wozniak way back in 1976 with a circuit board, micro cassette interface. only of the apple 1 computers are still in existence and six, including this one, do work. it is expected to go for $180 thour >>> and round one of the u.s. open golf tournament is in the books. and michael tohompson, is in th lead with 4 under par, but mr. woods is just four back. only six players out of the field of 156 were under par. one of them, nick watney turned in the shot of the day on the 17th hole. knocked it in for the rarest of all birds. an albatross, or as you might call it in the united states a double eagle. it is only the third albatross in u.s. open history. you also remember there was one in the second hole in this year's masters in the final round as well. >>> still love watching him. still to come, greek sit-ins are at the polls, but are secret polls influencing the vote in athens? optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use tech
it was built by steve wozniak way back in 1976 with a circuit board, micro cassette interface. only of the apple 1 computers are still in existence and six, including this one, do work. it is expected to go for $180 thour >>> and round one of the u.s. open golf tournament is in the books. and michael tohompson, is in th lead with 4 under par, but mr. woods is just four back. only six players out of the field of 156 were under par. one of them, nick watney turned in the shot of the day...
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Jul 27, 2012
07/12
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>> we'll keep an eye out for steve as well. >> you may not recognize him. but look. >> sources indicate you may have more facial hair. >> stephane thanks. we'll talk to you a little bit later. measures taken by spain will support the country's autonomous regions. caroline has now moved from valencia to mercia and joins us again. what's the situation and how are they tapping this new liquidity fund? >> well, the situation here is clearly equally bad. because the president of the regional government here indicated in a newspaper interview over the weekend that he too may tap the liquidity fund to cover its financing fund for the second half the year. financing needs for the third quarter stand at around 430 million euros and he may ask for 200 or 300 million euros. it may not sound much especially when you compare that to the refinancing needs of catalonia and valencia. if you look at the small size of this region because it's one of the smallest regions in all of spain it's massive. also if you look at the debt levels and the deficit to gdp ratios over the l
>> we'll keep an eye out for steve as well. >> you may not recognize him. but look. >> sources indicate you may have more facial hair. >> stephane thanks. we'll talk to you a little bit later. measures taken by spain will support the country's autonomous regions. caroline has now moved from valencia to mercia and joins us again. what's the situation and how are they tapping this new liquidity fund? >> well, the situation here is clearly equally bad. because the...
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Sep 4, 2012
09/12
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that's why steve's interview with lockhart was fascinating. he sits in the middle and he's a swing vote. and heed this is a very clear call. he's the swing vote. we don't know, do we? >> i think -- i'm sure bernanke will not decide on the basis of his own position. clearly, if mitt romney wins the election, mr. bernanke will be out of office, and he'll probably be out of office anyway because he's had his run. he probably says, i have nothing to lose. my research of great depressions shows the fed has to act sufficiently to do it. if that will be a sufficiently persuasive factor -- >> what's your call for jobs number friday? >> where we are now, 150 or so on an average base. whether the figure is up or below that, i think that's where the average is, which keeps employment moving but not enough to get the employment rate down. >> can describe so much with the u.s. these days. bob mckee, thank you for your time this morning. >>> before we go, information on a new economic indicator we've been talking about this morning. it's the tooth inflation
that's why steve's interview with lockhart was fascinating. he sits in the middle and he's a swing vote. and heed this is a very clear call. he's the swing vote. we don't know, do we? >> i think -- i'm sure bernanke will not decide on the basis of his own position. clearly, if mitt romney wins the election, mr. bernanke will be out of office, and he'll probably be out of office anyway because he's had his run. he probably says, i have nothing to lose. my research of great depressions...
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Jun 18, 2012
06/12
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with that i'll hand it back to ross in the studio. >> from steve in athens to steve wood. thanks so much indeed for joining us. in a way, steve, we've already moved on from greece. it's old news. we're back to worrying about spain this morning as far as the markets are concerned. >> it is news. wasn't a rally at all. talk about short-lived. half life on the market's reaction is getting shorter and shorter. you can measure it in hours and not days or weeks. we need to move in, to you know, not only fiscal unity but we need a pan european banking resolution. you see what's happening in spain. it's very clear whatever the solution will be it has to be pan european can't be two national governments going to national banks. you got broke governments, broke banks and something needs to be done. the market will believe to bring the resources of europe to deal with europe's bank. >> the germans are still not going anywhere that smells, looks or walks like debt mutualization. >> correct. that gets us in the position we're in right now. what happened with the euro, dozen years ago w
with that i'll hand it back to ross in the studio. >> from steve in athens to steve wood. thanks so much indeed for joining us. in a way, steve, we've already moved on from greece. it's old news. we're back to worrying about spain this morning as far as the markets are concerned. >> it is news. wasn't a rally at all. talk about short-lived. half life on the market's reaction is getting shorter and shorter. you can measure it in hours and not days or weeks. we need to move in, to you...
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Apr 17, 2012
04/12
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a picture of me roaring with laughter at steve sedgwick's hilarious jokes will, as well. >> beccy with two cs, as always. coming up next, ikea eyes the consumer electronic space. but would be able to assemble a radio or tv on your own? details coming up. >>> let's get into the correlation between the dollar and the strength of the u.s. y data. >> i think the u.s. dollar is going to develop proceed cyclical behavior in future. so what has happened in the past, when you have weak u.s. day take, could we get to the situation where the u.s. dollar would rise on strong u.s. data and i guess it could happen under circumstances where the u.s. economy would develop surprisingly strong growth. each time we're getting if to a market sentiment where people would assume that might be happening, we have already seen that type of behavior. >> well, thank you very much for being so con sus. we have to leave it at this poicht point. but ikea may be asking consumers to pick more plugs in to sockets. the retailer is getting ready to burst in to consumer electronics. ikea wants to launch a new furnish oc
a picture of me roaring with laughter at steve sedgwick's hilarious jokes will, as well. >> beccy with two cs, as always. coming up next, ikea eyes the consumer electronic space. but would be able to assemble a radio or tv on your own? details coming up. >>> let's get into the correlation between the dollar and the strength of the u.s. y data. >> i think the u.s. dollar is going to develop proceed cyclical behavior in future. so what has happened in the past, when you have...
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Aug 31, 2012
08/12
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we heard steve liesman, had two great interviews. he said the cost benefit analysis for the moment more qe doesn't add up. mr. lockhart said to him ate close call. so here we go. in the next meeting andrew when push comes to shove because of the things you talked about do we get more qe or not? >> absolutely. i think bernanke is the guy who puts the motion on the table and other people come around. don't forget the process is. nonvoting member. the minutes made it clear. more people see on the committee the need for further support for the u.s. economy. the real bottom line here is the level of unemployment. rate of unemployment is not coming down fast enough. the u.s. economy is not growing quickly enough on account of the legacy of the financial crisis to create sufficient employment gains going forward on a two year horizon unemployment will still be way too high. >> okay. we'll come back to that. andrew good to have you on. also still to come an awkward moment for republicans in tampa as a selected endorsement for the romney camp
we heard steve liesman, had two great interviews. he said the cost benefit analysis for the moment more qe doesn't add up. mr. lockhart said to him ate close call. so here we go. in the next meeting andrew when push comes to shove because of the things you talked about do we get more qe or not? >> absolutely. i think bernanke is the guy who puts the motion on the table and other people come around. don't forget the process is. nonvoting member. the minutes made it clear. more people see...
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Aug 28, 2012
08/12
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last week we had various meetings with the minute steve labor that they pull the unions together and also where they are seeing there's no unions they are concerned workers to find a way. we consider processes of bringing valuation in making sure that the unions which are said to be at conflict can start working together because the key issues is work out issues or concern. so we put together that team which deals with that issues through the minute steve labor. >> there's growing perception that's becoming difficult to do business in south africa. rise in labor costs, speak of increasing power costs, instability due to worker violence. is there concern and what is government doing to try to address that? >> i must say these are issues of concern. tissue of labor cost, precisely we got to look to what extent, what is on the table? this is some of the issues the minister of labor is looking at. we believe that we have proper structures through the labor act when it comes to the structure and this is one of the processes -- one of the issues which we have addressed is for the platinum
last week we had various meetings with the minute steve labor that they pull the unions together and also where they are seeing there's no unions they are concerned workers to find a way. we consider processes of bringing valuation in making sure that the unions which are said to be at conflict can start working together because the key issues is work out issues or concern. so we put together that team which deals with that issues through the minute steve labor. >> there's growing...
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Mar 2, 2012
03/12
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steve, good stuff. catch you later. steve on cnbc throughout the day reporting interest moscow. jackie? >>> coming up next on the show, we're going to look ahead at the trading day on wall street. will the u.s. markets end the week on a positive note? stay with us. >>> good morning and welcome back to the show. if we opened now the dow would be lower by 17.3. the s&p 500 by just about two points. but, of course, it's still early and things could turn around. to talk about the day on wall street the chief strategist and our guest host zane brown, chief fixed income strategist at lord abbett. todd, i want to start with you. we were talking about data before. you said we will have to see really good data to break through some of the technical levels. but at the same time we have seen encouraging numbers. we have the auto sales out that were positive, same store sales as well. retail seems to be in good shape and we saw the gdp revision. isn't that enough for this market? >> no. i shouldn't say it so quickly. we've already priced in it -- a lot of that has been price d in. remember,
steve, good stuff. catch you later. steve on cnbc throughout the day reporting interest moscow. jackie? >>> coming up next on the show, we're going to look ahead at the trading day on wall street. will the u.s. markets end the week on a positive note? stay with us. >>> good morning and welcome back to the show. if we opened now the dow would be lower by 17.3. the s&p 500 by just about two points. but, of course, it's still early and things could turn around. to talk about...
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Mar 1, 2012
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an exclusive interview with apple co-founder steve wozniak. >> people talk about $1,000 stock price. at first you want to doubt it but i believe that. i don't really follow stock markets. >>> a final thought from our guest host, stewart oakley. you mentioned you were shorting the yen, long the cokorean yuan. what other positions do you have? >> well, we like laggard emerging currencies. emfx hasn't traded particularly well because asset managers have been focused on going long equities and commodities and i think it's going to be a bit of rotation back into emerging market. i think korea is undervalued. it is a cheap currency by many metrics. i think the mexican peso as well. the thing these two currencies is they have very open capital markets so as people rotate into local assets, those two asset markets, particularly their equity markets, should be the beneficiary of inflow and technically they look very good as well. >> sounds fascinating. we'll be checking on those currencies the next time you're back. thank you for your time and pleasure having you as our guest host, stewart oa
an exclusive interview with apple co-founder steve wozniak. >> people talk about $1,000 stock price. at first you want to doubt it but i believe that. i don't really follow stock markets. >>> a final thought from our guest host, stewart oakley. you mentioned you were shorting the yen, long the cokorean yuan. what other positions do you have? >> well, we like laggard emerging currencies. emfx hasn't traded particularly well because asset managers have been focused on going...
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Aug 2, 2012
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. >> steve, finally if you're in the currency markets and you want to go somewhere to avoid policy risk, what trade can you take? >> i think what you see is the smaller currencies in the g-10 australias are very attractive. they're much better. what you see is that central banks in managing the reserves are increasingly buying these small currencies. they thiseem to buck the trend times. there's supports. some combination, i think, of the dollar on the -- over the median term on the potential for greek exit and a further crisis in europe and the smalls at your risk component is probably, you know, where i would be. >> steven tharn, thanks for tha. and we'll -- we'll get more from him with it. we have to let you go, lance. sorry. >> thank you so much. >> good to see you both. thanks, guys. we have comments coming out from pboc. they'll make stabilizing growth a bigger priority and continue complementing policy and maintain reasonable growth of money and credit. it's worth pointing out a month ago today when we had the last meetings, china did cut rates. >> it's right around this time sor
. >> steve, finally if you're in the currency markets and you want to go somewhere to avoid policy risk, what trade can you take? >> i think what you see is the smaller currencies in the g-10 australias are very attractive. they're much better. what you see is that central banks in managing the reserves are increasingly buying these small currencies. they thiseem to buck the trend times. there's supports. some combination, i think, of the dollar on the -- over the median term on the...
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Jul 17, 2012
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. >> steve, what's your best call? >> i think our best call is probably not overreact a the short term information. not over retook the election coming up. we have a fiscal live. a lot of issues facing us right now. ultimately they will be resolved in a meaningful way. not overly optimistic but meaningful cogent way the fiscal cliff coming up. we're looking at a globally diversified portfolio. u.s. equities we like. we're advising our clients to look at the u.s. as a core base camp and then diversify globally. for those who have three to five year time horizon and looking into emerging markets, commodity space, globally diversified portfolio as return it becomes more difficult to find. go further afield to fine it and hang on the as much as you can. right now our call is be at policy and risk assets, don't overreact, and kind of look through the fundamentals. ultimately picking better stocks in this environment. >> steven how might fed testimony or fed future action might adjust your investment strategy? >> well i thin
. >> steve, what's your best call? >> i think our best call is probably not overreact a the short term information. not over retook the election coming up. we have a fiscal live. a lot of issues facing us right now. ultimately they will be resolved in a meaningful way. not overly optimistic but meaningful cogent way the fiscal cliff coming up. we're looking at a globally diversified portfolio. u.s. equities we like. we're advising our clients to look at the u.s. as a core base camp...
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Aug 29, 2012
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so, steve, it is going to be very interesting, indeed, who's going to run the race. there's a lot of in terms of the verdict out. credit rating on samsung this morning saying it shouldn't be too much of an impact with samsung going forward. in terms of what's going on today, samsung press is going to happen in an hour and we'll have an interview with samsung ceo kazue hira. samsung has been having problems with the economic malaise in japan and we know about the world economy also and the way it is only very slowly growing. so, we'll bring you that later on. >> thank you. you can also go and join angela and mario later. we have earnings out of bank, first off net profit 85 billion yuan. marginally lower than consensus forecast. first off net energy margin, 2.85, lower than the 2.97 at the end of march. 1.39 at the end of union. it was 1.44% at the end of march. staying in china, chinese companies are seeing a rise in late payment and even debt default from companies. they say money owed to machinery and coal is at high lateness and they're worried it will spread to o
so, steve, it is going to be very interesting, indeed, who's going to run the race. there's a lot of in terms of the verdict out. credit rating on samsung this morning saying it shouldn't be too much of an impact with samsung going forward. in terms of what's going on today, samsung press is going to happen in an hour and we'll have an interview with samsung ceo kazue hira. samsung has been having problems with the economic malaise in japan and we know about the world economy also and the way...
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Dec 5, 2012
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steve, you were brutally cut off in your prime. so let's talk about -- let's get back to the point where you were at, which is talking about the structural deficit. >> yeah, i think that's where you cut me off in my prime. but anyway, the deficit is clearly not going to achieve getting rid of that in a five-year period. many estimates believe that in 2013-2014, the next fiscal year, it's going to be around 7%. that's better than the 11% inherited by this government, but will be a couple points worse than greece and spain. so that's a big negative for george osbourne. another one will be getting the percentage of debt compared with gdp in the country, getting that down within a five-year period, getting it syncing in the right direction. he thought it was going to peek around 75%, 75%. it looks like it could go up even further. so let's see what he says on that front today. in terms of options, he has very few options indeed because this is a government which as we know has set its fallout on plan a. and yet, are we seeing real aust
steve, you were brutally cut off in your prime. so let's talk about -- let's get back to the point where you were at, which is talking about the structural deficit. >> yeah, i think that's where you cut me off in my prime. but anyway, the deficit is clearly not going to achieve getting rid of that in a five-year period. many estimates believe that in 2013-2014, the next fiscal year, it's going to be around 7%. that's better than the 11% inherited by this government, but will be a couple...
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Dec 21, 2012
12/12
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i'm steve handlesman, nbc news, capitol hill. >>> for more on the market reaction, i'm joined now in the studio by paul donovan. >> thank you. >> we saw a potential decline for futures. did investors expect a smooth conclusion here to these talks? >> they shouldn't have done. what we've got at the moment, it's what you would expect. i can remember when each of them went through the eight of three, you get the temper tantrum. they're there and beating their 50s on the floor and basically they want attention. and the best thing to do in this circumstance is just ignore them. that's what we should do with american politicians. they're behaving like 3-year-olds. >> markets were ignoring them.we saw quite a rally shaping up even as these talks were going on. this is the first time in a couple of weeks where we saw markets pay attention. >> we've had periods when there's nothing else going on, basically. and remarkably, no european politician has said anything stupid for 24 hours, which has to be a record for the year. now we're suddenly putting our attention on the other side of the atlan
i'm steve handlesman, nbc news, capitol hill. >>> for more on the market reaction, i'm joined now in the studio by paul donovan. >> thank you. >> we saw a potential decline for futures. did investors expect a smooth conclusion here to these talks? >> they shouldn't have done. what we've got at the moment, it's what you would expect. i can remember when each of them went through the eight of three, you get the temper tantrum. they're there and beating their 50s on the...
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Nov 29, 2012
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. >> there's speculation that you'll be doing a tv show to find the next steve jobs or the next bill gates for an example. you can really find the bill gates through a television program? >> you can find the next bill gates through a competition. whether the competition happens online, in a fair, on tv is not important. but the competition is important. the challenge and the ob kestac and tools is important. >> you talk a lot about fashion and technology and incorporating the two together and there seems like there's a lot of focus on that. >> like that scarf you have, it's nice. but other than keeping your neck warm it doesn't do anything else for you. and in this day and age, it can do a lot more. it can tell you your temperature, it should be able to tell you how much calories you you burned, it should be able to tell you -- just by looking at the scarf. so fashion has not been brought up to speed with today's technological capabilities. it's as if for one introduced them. that can serve more than just keeping your neck warm and being pretty. it can do a lot more. >> somehow i rea
. >> there's speculation that you'll be doing a tv show to find the next steve jobs or the next bill gates for an example. you can really find the bill gates through a television program? >> you can find the next bill gates through a competition. whether the competition happens online, in a fair, on tv is not important. but the competition is important. the challenge and the ob kestac and tools is important. >> you talk a lot about fashion and technology and incorporating the...
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Aug 17, 2012
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steve, good to see you. we talked about what's going to happen with eurozone policy a little bit earlier and the first thing you said we have to look ahead to jackson hole september 1st as well. market now seems to be undecided whether we get any more policy stimulus from the fed. i can't work out whether that's good or bad from a market perspective. what's going to happen and how will we react? >> i wish i knew, ross. the fact is that the market is frustrated. i think on one hand the leads we've seen through the "wall street journal"s and other official leads indicated that the federal reserve is willing to do more and recently the data has gotten more concerning. on an inflation front where we have seen agriculture prices pick up. record high gasoline prices during the month of july. so basically the mandates to lower the range or extending the time frame beyond the 2014 in place right now is becoming increasingly difficult. on top of this we accept the fact that the housing market seems to be stabilizing,
steve, good to see you. we talked about what's going to happen with eurozone policy a little bit earlier and the first thing you said we have to look ahead to jackson hole september 1st as well. market now seems to be undecided whether we get any more policy stimulus from the fed. i can't work out whether that's good or bad from a market perspective. what's going to happen and how will we react? >> i wish i knew, ross. the fact is that the market is frustrated. i think on one hand the...
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Aug 1, 2012
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. >> don't forget about, steve liesman had plenty on this yesterday from his source at bundesbank. if you want to read that, go online, cnbc.com and read steve's analysis of the bundesbank position. it basically backs up what wideman is -- wiedemann is saying. >>> india says the country's electricity network has been restored back to full capacity after two days of massive outages. the blackout, worst recorded in the world, left over half of india's 1.2 billion people without power. we're joined from new delhi with the latest. it's extraordinary. it's like the entire population of the united states not having any electricity. who's getting the blame? who's going to fix it? >> as far as blame is concerned, at this point in time, the largest north indian state is being blamed for a large chunk of what we saw happen with north grid collapsing. what the power ministry is saying a couple of northern states overdrew more than what was allocated to them, which led to northern grid collapsing, then northeastern, and then a domino effect which left about 600 million indians without electric
. >> don't forget about, steve liesman had plenty on this yesterday from his source at bundesbank. if you want to read that, go online, cnbc.com and read steve's analysis of the bundesbank position. it basically backs up what wideman is -- wiedemann is saying. >>> india says the country's electricity network has been restored back to full capacity after two days of massive outages. the blackout, worst recorded in the world, left over half of india's 1.2 billion people without...
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Sep 3, 2012
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speaking to steve liesman from jackson hole yesterday, san francisco federal reserve president john williams said the central bank should consider open ended asset purchases. >> personally, i think we should be moving towards what we call an open ended proemp, basically saying instead of here is a certain amount over a certain period of time, that we will be purchasing assets, but allow us to adjust both the rate at which we purchase and the amount which we purchase based on the economic conditions. >>> the latest poll suggests barack obama and mitt romney are tied ahead of the democratic national convention in charlotte this week. the president will officially be nominated to run for a second term. both men currently stand at 45% backing. obama spent the weekend criticizing romney's economic policies. >>> before we go to break, here is a look back at last week's republican national convention in tampa. >> we're not afraid. we are not afraid. we're taking our country back. >> this man will not fail. >> the president is just throwing away money. and he's pretty experienced at that. >> i wish
speaking to steve liesman from jackson hole yesterday, san francisco federal reserve president john williams said the central bank should consider open ended asset purchases. >> personally, i think we should be moving towards what we call an open ended proemp, basically saying instead of here is a certain amount over a certain period of time, that we will be purchasing assets, but allow us to adjust both the rate at which we purchase and the amount which we purchase based on the economic...
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soaring as of late gaining $100 in just over six months and rising 30% since the passing of founder steve jobs in october. the new price brings market capitalization to just over $460 billion making the company the most highly valued publicly traded in the world right now. that really is staggering. joining us now is the senior analyst. when we talk about apple's stock price at $500 and this all-time high that it's crossed, this is a big psychological barrier for the stock. where do we go from here? >> well, that's a good question. the stocks are up about 4,000% over the past decade. if you're an apple shareholder you have built in this expectation the stock will continue to outperform because results have been so strong and we've seen is the halo effect, six, seven years ago and it's absolutely playing out. if you're an apple shareholder you are confident that will keep rolling forward and whether that happens i think i'm skeptical of. >> okay, and joe, do you happen to -- because i didn't see it in my notes, do you happen to own apple stock? >> i don't. >> you don't. okay. moving on to
soaring as of late gaining $100 in just over six months and rising 30% since the passing of founder steve jobs in october. the new price brings market capitalization to just over $460 billion making the company the most highly valued publicly traded in the world right now. that really is staggering. joining us now is the senior analyst. when we talk about apple's stock price at $500 and this all-time high that it's crossed, this is a big psychological barrier for the stock. where do we go from...
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Feb 10, 2012
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steve hester has done an amazing job. as taxpayers we should be incredibly grateful and i think in the event that we don't start to recognize that, one of the big financial firms will turn up and steal him because he's done a truly incredible turnaround. what is it, $160 billion liquid assets today. this business can now absorb a bigger hit than it did at the time of the financial crisis. it is on the road to producing profits. i'm incredibly grateful for the hard work he's done. >> all right. great stuff, george. i'm sure a lot of our viewers will be wanting to write in on those comments. george, our guest host, thank you very much. >>> and still to come on the show, of course we have a lot more coming. we'll talk about barclays a little bit more. the bank slashing its 2011 bonus pool by 25% and it seems that you have tons to say about banker bonuses so keep sending us your e-mails. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the opti
steve hester has done an amazing job. as taxpayers we should be incredibly grateful and i think in the event that we don't start to recognize that, one of the big financial firms will turn up and steal him because he's done a truly incredible turnaround. what is it, $160 billion liquid assets today. this business can now absorb a bigger hit than it did at the time of the financial crisis. it is on the road to producing profits. i'm incredibly grateful for the hard work he's done. >> all...
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the deal has attracted top nails like billionaire steve cohen, dodgers manager joe torre and basketball legend magic johnson. a state news agency here reported that e-land partnered with the ex-owner of the dodgers who signed south korea's pitcher back in 1994. while e-land's real motivation remains unclear it allows a greater reach into the los angeles market. l.a. has the biggest korean population in the u.s. apart from offering retail discount stores the company has recently brought in its business to include construction, restaurants and resorts. its web sait says the company reported an operating profit more than $400 million in 2010. the winner of the dodgers' bid will be announced in april. back to you, christine. >> rhie-young lim live from south korea. over to japan now, the pain from gentlem japan's strong yen, the currency continues to hit corporate bottom lines. honda motors slashing its profit forecast down 60% for the full fiscal year after reporting a 41% drop in third quarter numbers. the details for us live from tokyo. >> reporter: hi, christine. honda said operating pr
the deal has attracted top nails like billionaire steve cohen, dodgers manager joe torre and basketball legend magic johnson. a state news agency here reported that e-land partnered with the ex-owner of the dodgers who signed south korea's pitcher back in 1994. while e-land's real motivation remains unclear it allows a greater reach into the los angeles market. l.a. has the biggest korean population in the u.s. apart from offering retail discount stores the company has recently brought in its...
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Feb 24, 2012
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cnbc's steve liesman has an exclusive interview with treasury secretary tim geithner on u.s. "squawk box" at 8:30 a.m. eastern time. joining us now is chris girsh. chris, thanks for being with us today. we've had a conversation throughout the morning about the technicals in the market and how sustainable this rally is. i imagine you have a thesis on that issue. >> yeah, the technicals, the fact that we're over the 1350 range only for the third time for a prolonged amount of time, if you think about it before that it was the dot-com bubble and a couple years ago we had the mortgage backed security crisis and the housing bubble and everyone is wondering what's going to happen now that we're above 1350 and everyone has the warm, fuzzy feeling. you look at stocks like sales for crm which gives a great indication where the u.s. market is in accordance to sales and growing entrepreneurial business and, you know, it crushed earnings for the fourth time in the last year. so what we feel on the floor is if we can hold that 1350 level we're set to have a really good second and third qu
cnbc's steve liesman has an exclusive interview with treasury secretary tim geithner on u.s. "squawk box" at 8:30 a.m. eastern time. joining us now is chris girsh. chris, thanks for being with us today. we've had a conversation throughout the morning about the technicals in the market and how sustainable this rally is. i imagine you have a thesis on that issue. >> yeah, the technicals, the fact that we're over the 1350 range only for the third time for a prolonged amount of...
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Dec 31, 2012
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steve, really appreciate your time. >>>. >> other stories we're keeping an eye on this morning, chinese manufacturing activity has hit its fastest pace in a year and a half. the december reading pmi index rose to 51.5 this month. the reading is the strongest since may 2011. and the good news doesn't stop there. it points to continued strength in the new year. chinese shares are up 1.6%. >>> big u.s. banks are reportedly close to a $10 billion settlement to regulators to hold them liable for bad foreclosure practices. nearly 40% of the settlement would go to people who already lost their homes. in february, five banks agreed to a $25 billion settlement. time says 14 are involved in this round of talks. as part of the deal which could come this week, the banks will have to hire independent consultants to go back through their loan records. >>> and a group of private equity firms, including carlisle, would agree to buy duff and seltz for $655 million. the deal gives the company an opportunity to go and shop for higher prices. >>> and secretary of state hillary clinton is in a new york hosp
steve, really appreciate your time. >>>. >> other stories we're keeping an eye on this morning, chinese manufacturing activity has hit its fastest pace in a year and a half. the december reading pmi index rose to 51.5 this month. the reading is the strongest since may 2011. and the good news doesn't stop there. it points to continued strength in the new year. chinese shares are up 1.6%. >>> big u.s. banks are reportedly close to a $10 billion settlement to regulators to...
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. >>> meanwhile, microsoft's board is cutting steve ballmer's annual salary. microsoft stock -- there we go. apologies about that. meanwhile, walmart is holding its annual analyst meeting today near its headquarters. the retailer is expected to brief them on numerous topics, including expansion of its smaller store format and providing profits overseas. investors will also be listening for comments on the bribery allegations at its walmart to mexico unit. the company has also been confronting walkouts in eight cities but the numbers have been relatively small. kelly. >> thanks for that, ross. apple has a pretty loyal customer base, perhaps none stronger than in teenagers. 40% of teens own and iphone. 44% own a tablet with the ipad make up three quarters of those devices. kids who plan to buy a new tablet, 43% say they'd be more likely to go with apple if it starts selling a smaller ipad and it's expected to do so sometime this fall. tell us what you think about the loyalty to apple. is it a sign perhaps of saturation? what's it mean for competitors? you can e-
. >>> meanwhile, microsoft's board is cutting steve ballmer's annual salary. microsoft stock -- there we go. apologies about that. meanwhile, walmart is holding its annual analyst meeting today near its headquarters. the retailer is expected to brief them on numerous topics, including expansion of its smaller store format and providing profits overseas. investors will also be listening for comments on the bribery allegations at its walmart to mexico unit. the company has also been...